Nature of receipt against termination of lease agreement - ...

Court Rules Lease Termination Receipt Taxable as Income, Not Non-Taxable Capital Receipt.

August 21, 2021

Case Laws Income Tax AT

Nature of receipt against termination of lease agreement - taxable under the head income from other sources or income from house property or not taxable as capital receipt - Appellant has submitted that it is a capital receipt but the appellant itself has shown it as revenue receipt and claimed standard deduction. - Additions confirmed - AT

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Nature of receipt against termination of lease agreement - ...

Court Rules Lease Termination Receipt Taxable as Income, Not Non-Taxable Capital Receipt.

August 21, 2021

Case Laws Income Tax AT

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